As a member of the WTT Future of Payments Working Group (FPWG), it was a pleasure working with colleagues on the paper published this morning on the impact of digital currencies on the future of payments. Through this paper, the FPWG adds its voice to the discussion and debate in regard to the desirability, positioning […]
Last year (March 2019), the Access to Cash Review Panel published its final report which sets out five recommendations for government and the industry to ensure that no one is left behind as we move towards a cashless society: Guarantee access to cash Ensure cash remains widely accepted Create a more efficient, effective and resilient wholesale […]
As highlighted in the Access to Cash Panel’s final report published in March 2019, consumer concerns over privacy are often cited as a reason that people continue to wish to use cash. In the six months since the report was published, various headlines have highlighted an acceleration in the reduction of free to use ATMs, […]
A few days ago, Payments UK published the December 2016 Payment Statistics for the main UK payment systems (see here). In addition to that month, the statistics provide a year on year comparison which highlight that: Overall, UK payment volumes were up 3% in 2016 to just over 8 billion transactions. The total value of […]
This post briefly summarises some of the most noteworthy recent Payment news items and then covers the launch of the Strategic Consultation from the UK’s Payment Strategy Forum
the 2015 UK Payment Statistics makes particularly interesting reading given the UK already has a well-established Faster Payments platform alongside other payment systems.
One of our aims through this website is to provide a source of reference information covering the rapidly evolving world of payments. We have therefore brought together a series of key industry documents into a single Document Library.
How much further can disruptive technology be successfully applied in the field of payments?
How “fast” does an Instant or Immediate payment need to be and is there a compelling Consumer/Corporate need for these given the volume of Timed/Future Dated Payments settled each month?
Encompassing Sibos, the past few weeks has been an extremely busy period for the world of payments. Announcements have been plentiful and have ranged across the payments spectrum. Here are a few of the key ones